Question

A Shopkeeper sold an article at 5% loss. If he had sold it for Rs. 350/- more, he would have made 20% profit, find the selling price of the article?

A Rs. 1,325 Correct Answer Incorrect Answer
B Rs. 1,400 Correct Answer Incorrect Answer
C Rs. 1,300 Correct Answer Incorrect Answer
D Rs. 1,565 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Let C.P of the article = Rs. x ∴ Actual S.P = 95 % of x And assumed S.P = 120% of x Since, difference between the two selling prices is Rs. 350 ∴`(120x)/100-(95x)/100` = 350 ⟹`(120x-95x)/100` = 350 ⟹ 25 x = 35,000 ∴x = `35000/25` = 1,400 ∴ C.P = Rs. 1,400 ∴ Actual S.P. = 95% of 1,400 = Rs. 1,330

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